February 24, 2015
Igor Zax, Managing Director of Tenzor Ltd., published an interview in Secured Lender, publication of Commercial Finance Association.
Interview Everything you need to know right now about Supply Chain Finance covers SCF definitions, barriers to growth, role of alternative finance, as well as major trends and innovations in SCF and related working capital tools.
January 20, 2015
Igor Zax, Managing Director of Tenzor Ltd., is going to moderate a panel during Factoring and Trade Finance World Conference in Miami 2-4 March 2015, organized by Commercial Finance Association (CFA). The panel, Trade Credit Insurance would bring leading figures from major credit insurers (Euler Hermes, Atradius and COFACE) as well GE as a major user, and will include:
- Kick Baesjou, Global Solutions Director, Coface
- David Huey, President & Regional Director, NAFTA, Atradius Credit Insurance
- Todd Lynady, Vice President, XoL (Americas), Euler Hermes World Agency
Robert Santimays, Chief Credit Officer, Working Capital Solutions, GE Capital
The agenda for the panel:
Product strategy – whole turnover, single risk, XoL, specialized solutions- where is the value?
· Regional strategy – US, Europe, Emerging Markets.
· Global clients- are insurers geared to serve them?
· Financial institutions vs. corporate clients – difference in approaches.
· Insurers and financiers – partners or competitors?
For link to agenda please see below:
November 4, 2014
Igor Zax (Zaks), Managing Director of Tenzor Ltd. presented 4-th of November 2014 a webcast “Credit Insurance: Common Misconceptions, and Can it Be a Useful Tool”, hosted by Commercial Finance Association (CFA), the international trade association dedicated to the asset-based lending and factoring industries.
The webcast was attended by major banks, asset based lenders, export credit agencies, insurance brokers and credit insurers.
You can see slides for the presentation as a PDF file- link below
October 27, 2014
Igor Zax, Managing Director of Tenzor Ltd., is going to chair second day of Distressed Debt Investor Forum 2014- Maximizing returns & Restructuring for Recovery when Investing in Distressed Debt & Special Situations by IIR/Informa 12-13 of November 2014 in London.The event would see major players from some of the largest distressed funds (debt and equity), banks, big 4, and others.
In addition to chairing the second day, Igor will be joining a panel “Investing in Emerging Market Distressed Debt”
For the full program of the event please see the link below:
October 16, 2014
Igor Zax, Managing Director of Tenzor Ltd. will be presenting a webinar “The Credit Insurance Puzzle: Why is it 5x more popular in Europe”. The webcast, hosted by Commercial Finance Association (CFA), the international trade association dedicated to the asset-based lending and factoring industries and will take place on 4th of November 11 am EST/4pm GMT.
Why is the percentage of secured transactions that are insured five times higher in Europe in the USA? And what can we learn from the difference?
Credit Insurance can bring up strong opinions, and often we hear most about it from the insurance experts themselves, or from lenders who want to share a horror story.
Igor Zax will offer an unbiased overview of common misconceptions about credit insurance, and mistakes that are often made. He will explore the reasons (right and wrong) why it more popular in some markets and less so in other, and the ways to structure programs for various purposes (both export and domestically). Zax will also map credit insurance among other available tools (from both corporate and financial institution prospective).
Free registration is available on CFA website via link https://www.cfa.com/eweb/DynamicPage.aspx?WebCode=EventInfo&RegPath=EventRegFees&Reg_evt_key=89CBC1A9-C350-4BCA-8CD7-E71C3ADD06A0
August 29, 2014
Igor Zax, Managing Director of Tenzor Ltd., is going to present at Distressed Debt Investor Forum by IIR/Informa 12-13 of November 2014 in London. He will be joining a panel “Investing in Emerging Market Distressed Debt”:
Investing in Emerging Market Distressed
• Impact of recent economic events on emerging markets
• Understanding the emerging market distressed opportunity
• Comparison of pricing & structure in different markets
• In which sectors are there attractive investments to be made?
• Analysis of the different levels of protection / security in different markets
• Identifying upcoming opportunities
• Protecting your investment in frontier markets
Parham Pouladdej, Managing Partner, EMSA CAPITAL
Andrew Chappell, Managing Partner, EXOTIX
Igor Zax, Founder, TENZOR
June 13, 2014
Igor Zax, Managing Director of Tenzor Ltd, published a new article, Receivables Finance in Context of Working Capital Management in TRF News (Trade and receivable Finance News, a major publication by BCR).
Editorial comment states “Igor Zax’s article in today’s trfnews, ‘Receivables Finance in the Context of Working Capital Management’, reminds us of the value of looking back at the history of modern supply chains and how working capital management, and hence factoring and supply chain finance, has developed from this. It also reflects on the potential frailty and dangers that over exposure to some supply chain structures can bring.
On late payments he says: “just a couple of weeks delay on 30 day terms increases working capital consumption by one-and-a-half times.” I wonder how many factors use such direct terms in their advertising material. If they do not, perhaps they should consider it, particularly as the trend is for larger companies to use receivables finance, and it is those companies in particular that tend respond well to the use of such analytic sound bites.”
Reprinted with permission.
April 8, 2014
Igor Zax, Managing Director of Tenzor Ltd., is going to present at 4-th Annual Restructuring & Turnaround 2014 conference by IIR 2-nd of July 2014 in London. He will be joining a panel “Strategies for an Effective Turnaround” discussing:
• Formulating and executing a successful turnaround strategy
• Negotiating with lenders
• The importance of due diligence
• Financial restructuring tools
• Operational restructuring tools
Other speakers on the panel include:
Gareth Davies, Managing Director,GREENHILL
David Bryan, Founding Principal, BRYAN, MANSELL & TILLEY
and Mike Jervis, Partner, PwC
March 4, 2014
Igor Zax, CFA, Managing Director of Tenzor ltd., is going to moderate a panel “Developing Value in an Invoice Financing Business: What Makes it Ripe for Investment?” at Receivables Finance 12th Annual Convention in Warsaw, Poland, 1-2 April 2014. He will be joined at the panel by Simon Featherstone, Global CEO of Bibby FInancial Services, Margrith Lutsch-Emmenegger President, Fimbank and Chairman, International Factors Group, and Richard Woodhouse.
Igor Zax is alos going to present at a panel “Understanding the Supply Chain Finance Ecosystem” at the same conference togheter with heads of Supply Chain Finance from HSBC, ING and RBS.